City's economy to slow this quarter: HKU
==========

Hong Kong's economy is projected to slow to 1.7 percent this quarter, according to the University of Hong Kong (HKU), mainly due to high interest rates. Property consultant Cushman & Wakefield forecasts a 3 percent rise in home prices in the first half of the year. HKU expects 2.3 percent growth for the whole year, lower than last year. Cushman predicts a 5 to 7 percent rise in home prices if interest rates are cut in the second half, but no sharp rebound is expected. Home prices rose 1.5 percent in March after the removal of stamp duties. CK Asset's Blue Coast development received over 10,000 cheques for 184 units, making them 53 times oversubscribed. Cititc has put 144 homes at Jardine's Lookout on the market.

#HongKong #Economy #InterestRates #HomePrices #PropertyMarket

https://www.thestandard.com.hk/section-news/section/2/261900/City%27s-economy-to-slow-this-quarter:-HKU